Mistral AI

Mistral AI is a French artificial intelligence startup founded in April 2023 by Arthur Mensch, Guillaume Lample, and Timothée Lacroix. The company specializes in developing open-source large language models (LLMs) and AI solutions. In September 2025, Mistral AI secured a €1.7 billion funding round, valuing the company at approximately €11.7 billion. The primary investor in this round was ASML, a Dutch company specializing in photolithography systems for the semiconductor industry, which invested €1.3 billion and acquired an 11% stake in Mistral AI. This strategic partnership aims to advance AI and semiconductor technologies in Europe. Mistral AI's mission is to democratize artificial intelligence by providing accessible and efficient AI models and solutions, positioning itself as a significant player in the European AI landscape.